Systematic Investment Plan or SIP is one of the most recommended avenues to invest in mutual funds. This kind of mutual funds investment lets you plan your budget as well as expenses in a controlled way. You never need to worry about the ups and downs of the market. One of the top attractions of SIP investments is that the investor can invest in small amounts on a regular basis. If you would like to know which SIP mutual funds are highly recommended for investing in 2020, here are the top picks suggested by ET Money app.
Axis Bluechip Fund Direct Plan-GrowthAxis Bluechip Fund Direct Plan-Growth has a fund size of Rs 9,481 crores. The fund age is 6 years with no lock in period. This fund belongs to open ended growth fund type of large cap category.
Canara Robeco Bluechip Equity Fund Direct-GrowthThe total size of Rs 269 crores of Canara Robeco Bluechip Equity Fund Direct-Growth has a fund age of 6 years and there is no lock in period. His mutual fund belongs to open ended large cap category.
Also Read: Top Mutual Funds for beginners to invest in 2020Invesco India Growth Opportunities Fund Direct-GrowthSome of the characteristics of Invesco India Growth Opportunities Fund Direct-Growth include a fund size of Rs 2,107 crores, fund age of 6 years, and no lock in period. This fund comes under large and midcap funds category.
Mirae Asset Large Cap Fund Direct – GrowthMirae Asset Large Cap Fund Direct – Growth has a fund size of Rs 16,519 crores and a fund age of 6 years. This open ended large cap fund belongs to growth fund category of no lock in period.
DSP Equity Direct Plan-GrowthThe total fund size of the DSP Equity Direct Plan-Growth is Rs 3,176 crores. The fund age of 6 years does not have any lock in period. This fund comes under open ended growth fund type of multicap category.
Also Read: Top Performing Mutual Funds in 2019Kotak Equity Opportunities Fund Direct GrowthHaving a fund size of Rs 2,837 crores, Kotak Equity Opportunities Fund Direct Growth fund is an open ended fund with no lock in period. The fund age of this large and midcap fund is 6 years.
ICICI Prudential Bluechip Fund Direct-GrowthICICI Prudential Bluechip Fund Direct-Growth is a huge SIP mutual fund with a fund size of Rs 24,634 crores. The fund age is 6 years with no lock in period. This large cap fund is an open ended growth fund.
SBI Magnum Multicap Fund Direct-GrowthSome of the top highlights of SBI Magnum Multicap Fund Direct-Growth include a fund size of Rs 8,316 crores, fund age of 6 years and no lock in period. This open ended multicap fund is of growth fund category.
L&T India Large Cap Fund Direct GrowthL&T India Large Cap Fund Direct Growth fund has a fund size of Rs 534 crores. The fund age is 6 years and there is no lock in period for this open ended growth fund.
Aditya Birla Sun Life Equity Fund Direct-GrowthAditya Birla Sun Life Equity Fund Direct-Growth has a massive amount of Rs 11,857 crores under its disposal. This open ended growth fund has a fund age of 6 years and there is no lock in period for this multicap fund.
| A comparative glance at Top 10 SIP Mutual Funds To Invest In 2020 |
| Sl. No. | Fund Name | Fund Size in crores (INR) | Returns Percentage | Returns | Risk |
| Axis Bluechip Fund Direct Plan-Growth | 9,481 | 21.3 | High | Low |
| Canara Robeco Bluechip Equity Fund Direct-Growth | 269 | 17.3 | High | Low |
| Invesco India Growth Opportunities Fund Direct-Growth | 2,107 | 17.1 | High | Low |
| Mirae Asset Large Cap Fund Direct - Growth | 16,519 | 16.7 | High | Low |
| DSP Equity Direct Plan-Growth | 3,176 | 15.1 | High | high |
| Kotak Equity Opportunities Fund Direct Growth | 2,837 | 13.8 | High | high |
| ICICI Prudential Bluechip Fund Direct-Growth | 24,634 | 13.7 | High | Low |
| SBI Magnum Multicap Fund Direct-Growth | 8,316 | 13.4 | High | Low |
| L&T India Large Cap Fund Direct Growth | 534 | 13.2 | Low | High |
| Aditya Birla Sun Life Equity Fund Direct-Growth | 11,857 | 12.2 | High | Medium |
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